The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts: Beginning Inventory $23,570; Purchases $224,020; Sales Revenue $185,200; Freight-In $9,770; Sales Returns and Allowances $4,400; Freight-Out $2,330; and Purchase Returns and Allowances $5,460. The ending inventory is $22,700. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2017.

SHERIDAN COMPANY Income Statement $ Open Show Work Click if you would like to Show Work for this